Transferring a Bit of Bitcoin - Step 4

[Rob D]

So now you should have sitting on the Coinfloor exchange a little bit of bitcoin!

 

It is not good practice to keep coins on the exchange. Hence you hear about the theft and hacks...

 

• Open up your Bitcoin wallet
• Create new wallet
• Create a new address - this is in effect your sort code and account number
• Click receive
• Copy this address (the whole address)
• Go to your Coinfloor account where you bought Bitcoin
• Click your account then Withdraw
• Copy your Bitgo address in - confirm it
• Withdraw your Bitcoin
• Unknown to me minimum is 0.005 of a Bitcoin! If you have bought more than this then this will then go from your coinfloor account to your more secure Bitgo wallet.

 

If you can't send it don't worry leave on the exchange small quantites should be fine.

 

See how easy it is? I know I know simples - it gets more complicated when you look to buy other sorts of coins which we'll come to!

 

 

 

Any issues or questions post below.

[Mortimer Firewood]

Just quickly run through that again ?

[Rob D]

Haha - I'm kkkk nackered! We'll see if a few folk are still interested to keep the thread going...

[Steve Bullman]

I’m interest rob, just too busy to do anything about it 

[Rob D]

On 11/12/2017 at 21:25, Steve Bullman said:

I’m interest rob, just too busy to do anything about it 

Yep - there really is no rush Steve cause at somepoint like the dot com boom there is going to be one almighty crash... too many scams, too many stupid new coins based on sod all, exchanges with dodgy practices, just too much nonsense - there needs to be a big crash to clear out the clutter.

 

Save some money for then I would - there's also a book called Bitcoin gold which at least tells you a bit more of what's what - internet it is just too overwhelming with info on this topic...